Billionaire entrepreneur Mark Cuban has made clear he'd still like to helm the U.S. Securities and Exchange Commission should Kamala Harris prevail in November.
Billionaire entrepreneur Mark Cuban has made clear he'd still like to helm the U.S. Securities and Exchange Commission should Kamala Harris prevail in November.
An outspoken cryptocurrency industry advocate and backer of Harris's presidential bid, Cuban confirmed that he is open to helming up the financial regulatory body.
The potential Cuban bid for the SEC chair position is a surprise for many, as he has never taken an official position in government. However, previous SEC chairs, including Jay Clayton under the Trump administration, were sourced from the private sector without prior governmental roles.
This tech mogul has often publicly expressed his discontent with the forceful enforcement actions by the current SEC Chair, Gary Gensler, against American crypto firms.
Despite that potential conflict, Cuban has emerged as one of the few crypto industry advocates with close ties to Harris's inner circle, reportedly using his influence to nudge the Democratic nominee toward a more crypto-friendly stance than the current administration.
During a recent speech at The Economic Club of Pittsburgh, Harris vowed to keep America "dominant in AI and quantum computing, blockchain and other emerging technologies." Following the speech, Cuban told a Fox News reporter that if he were to join the Harris administration, it would be to replace Gary Gensler as SEC chair.
During a donor event in Manhattan, Harris finally mentioned her stance on the crypto industry, stating that she would "encourage innovative technologies like AI and digital assets while protecting our consumers and investors."
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